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AcSB Decision Summary – November 24, 2015 - Financial Instruments

  • IFRS - AcSB Image

Dec 04, 2015

On December 4, 2015, the Accounting Standards Board (AcSB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.

At its meeting on November 24, 2015, the AcSB discussed the IASB’s preliminary proposals to provide transition relief to respond to the possible accounting consequences of the different effective dates of IFRS 9, Financial Instruments and the forthcoming new insurance contracts standard on the adoption of IFRS 9. The AcSB will continue to engage with Canadian stakeholders, the IASB and other standard setters as well as advisory groups to influence the development of a global solution.

Review the executive summary on the AcSB's Web site.

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